- Romania approved tax incentive amendments and transitional VAT e-invoicing rules for royalties.
- From June 1, individuals with a personal numerical code (CNP) must use e-invoicing for royalty income; registration deadline is May 28.
- Copyright invoices are required even if turnover is below the VAT exemption threshold and no VAT is due.
- The registration threshold for secondary offices is reduced to one employee.
- The 1% corporate income tax deductibility for certain nonresident affiliate expenses is repealed.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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